Economy Sectors
The economic activity that arises due to the intellectual and
physical activities of human beings enables man to generate income. Classified
into activities of the Primary sector, Secondary sector, Tertiary sector,
Quaternary sector and Quinary sector etc. economic activity under these
activities of the economy directly or indirectly affects the economic
activities of the world, within this economic activity of a country. Business
sector activities, domestic sector activities and consumption, production and
distribution of goods and services in the use of resources by the state are
included, various classified categories of these economic activities are
studied as follows.
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| sectors of economy meaning |
1. Primary sector of economy
The economic activities through human labour are directly
dependent on the natural, the use of resources from nature is included under
the primary sector. By using those resources present in the earth, we can
determine the economic activities of the primary sector, the use of natural
resources present in the earth such as land, air, water, vegetation or
materials and minerals made from nature are included under this economic
activity. The activities of the primary sector include agricultural work by
human labour, hunting, gathering of natural resources, domestic activity,
fisheries, mining, animal husbandry and naturally related activities, economic
activities of the primary sector. Human labour engaged in the job is marked as
a "red collar job" because it shows low level of human skill
development.
2. Secondary sector of economy
The sector of the economy in which the economic activity
involves the manufacture of high and efficient goods using resources from the
primary sector, i.e., high resource sectors using raw materials originating
from the resources from the primary sector. The development is to be developed
through industrialization, with the aim of increasing the value of materials
made from natural resources by converting the raw materials from the primary
sector into valuable products, this is called a high quality sector than the
primary sector. Is. Under the economic activities of the second sector, mainly
the manufacturing sector is included, the automobile industry, iron steel
industry, textile industry, electrical and electronics industry, food
processing industry etc. are included under the manufacturing sector. Because
the development of these industries is driven by the raw materials obtained
from the natural, such as the raw materials from agriculture, crops like
sugarcane, cotton, paddy, millet etc., in the same way the raw materials from
the earth like iron ore, aluminium, bauxite, copper Like many minerals, from
which industries are made. The economic activities of the secondary sector are
mainly included directly or indirectly under manufacturing activities, for this
reason the economic activities of the secondary sector are also called as
industrial sector, those working in the economic activities of the secondary
sector are high. Skilled workers are placed under "white collar
jobs". But workers participating in the production process are placed
under "blue collar jobs", as such workers are less skilled.
3. Tertiary sector of economy
Economic activities are included under the Tertiary sector of
the economy, which includes both production and exchange, the production sector
includes the provision of those services, so that many facilities are available
to human beings and human can enjoy them. For example, administrative services,
insurance, financial, real estate activities, commercial services for social
work, medical, transportation, education, tourism, trade and communication
facilities, personal services, etc. are included under the economic activity of
the Tertiary sector. . Tertiary sector economic activity is also known as the
service sector, as this sector uses high skill development human labour,
placing skilled workers in tertiary sector economic activity under "white
collar jobs".
4. Quaternary sector of economy
The workers of the economic activities of the Quaternary
sector are directly or indirectly dependent on the activities of nature, such
workers influence the economy of the large market and large economic
activities. Quaternary sector economic activities include those in the tertiary
sector making specific contributions to the knowledge sector, activities in the
quaternary sector are arranged on the basis of demand for different
classifications, showing high skill development. Under the economic activities
of the Quaternary region, information-based services, management services,
highly skilled labour services, consultants, software development and more
quality work and consumer services are ranked under it. Quaternary sector
activities include office buildings, accounting activity, cinema, school and
university classroom facilities, hospital facilities, high-skilled doctors'
offices and high-skilled workers working in brokerage forms. is included in.
This service sector is also known as "white collar job", because the
number of people in it i.e. all the human labour employed are all human labour
with high skill development.
5. Quinary sector of economy
The quinary sector is an area of economic activity that
includes the tertiary sector and the quaternary sector to create this sector to
meet high-skilled and high-quality needs, for example through the
implementation of efficient schemes under this sector. creating new ideas,
establishing rearrangements, new discoveries, inventions, lecturers and
professors, use and evaluation of new and advanced technology etc. The human labour
involved in the economic activities of the quinary sector includes high-paid,
high officials, legal advisors, research persons, intellectuals, financial
advisors, persons of high skill and quality. The economic activity of the
quinary sector helps in the development and structure of an advanced economy,
the economic activity of this sector also involves high policy making, high law
making, high decision making etc. Persons providing human labour working in the
activities of the quinary sector are known as the "Golden Collar
Profession".
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